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Press Release: 4-8-2009 Press Release Archive

iStore Teams with CSC to Enhance Decision Making for the Oil and Gas Industry

 

HOUSTON - April 8, 2009 - The Information Store (iStore) and CSC (NYSE: CSC) have signed an alliance agreement under which CSC will act as the prime systems integrator and consulting services provider for iStore's PetroTrek Digital Oilfield solution. The parties will team to make iStore's PetroTrek Digital Oilfield solution available under CSC's Petroleum Enterprise Intelligence offering.

Petroleum Enterprise Intelligence enables oil and gas companies to optimize operational performance by effectively managing work processes and information. The solution gives users across the enterprise a consistent decision-support framework, helping connect the right people with the right information at the right time.

The new Web-based solution simplifies how production managers, engineers, and geoscientists, locate and view key technical, operational, and financial information on wells, fields, and reservoirs in the context of their work, saving time and improving their decision-making capabilities.

Petroleum Enterprise Intelligence combines business process management with business intelligence technology, featuring Web-based Key Performance Indicator dashboards that integrate data. iStore's core Digital Oilfield technology virtually integrates multiple, disparate data sources, from commercial data repositories to proprietary systems and unstructured data. CSC's solution extends the Digital Oilfield by adding business intelligence functionality, as well as enabling optimization through modeling, planning, and analytics.

iStore and CSC are teaming to develop and deliver the solution worldwide. As a global leader in providing technology-enabled solutions and services, CSC opens new distribution channels and opportunities for iStore's software products and technology.

"We are very excited about working with CSC to expand and deliver iStore's Digital Oilfield offerings," said Barry Irani, iStore's president and CEO. "Our vision and direction are a natural fit -- we strive to help our customers in the petroleum industry achieve better results by providing innovative technology and business solutions."

Robert Welch, president of CSC's Chemical, Energy and Natural Resources Services Group, stated, "For years, energy and production companies have struggled to obtain faster access to field information and to make productive use of the tremendous volume of digital data already in their possession. This joint offering provides near-real-time data and presents it in meaningful context to support faster and more informed business decisions."

About CSC
CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions & Services, Global Outsourcing Services and the North American Public Sector. CSC's advanced capabilities include systems design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, Va., CSC has approximately 92,000 employees and reported revenue of $17.1 billion for the 12 months ended Jan. 2, 2009. For more information, visit the company's Web site at www.csc.com.

About iStore
iStore helps petroleum companies access exploration and production (E&P) data wherever it resides and presents it in a useful form. As a result, customers improve asset performance, reduce cycle time and maximize return on investment. iStore's Web-based PetroTrek products reach out to technical and financial data and documents wherever they reside delivering cost-effective, data-driven production surveillance & optimization, drilling, GIS, and data management solutions. Founded in 1994, the privately held company’s headquarters are in Houston. For more information, visit www.istore.com.

For media inquiries
Ben Parker
The Information Store
+1 (713) 787-6798 x155

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